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Dow Today: Home Depot (HD) Leads The Day Higher, Chevron (CVX) Lags

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The
Dow Jones Industrial Average (
^DJI) closed up 12 points at 13,494. During the day, 613.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 579.5 million. The NYSE advances/declines ratio closed at 1,494 issues advancing vs. 1,501 declining with 115 unchanged.

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The Dow component that led the way higher today was
Home Depot (NYSE:
HD), which sported a $1.44 gain (+2.4%) bringing the stock to $61.77. This single gain lifted the Dow Jones Industrial Average by 10.9 points or roughly accounting for 90.8% of the Dow's overall gain. Volume for Home Depot ended the day at 8.1 million shares traded vs. an average daily trading volume of 8.5 million shares.

Home Depot has a market cap of $91.31 billion and is part of the
services sector and
retail industry. Shares are up 43.5% year to date as of Tuesday's close. The stock's dividend yield sits at 1.9%.

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 21.7, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Home Depot as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was
Chevron (NYSE:
CVX), which lagged the broader Dow index with a $1.82 decline (-1.5%) bringing the stock to $116.14. Volume for Chevron ended the day at seven million shares traded vs. an average daily trading volume of 5.8 million shares.

Chevron has a market cap of $230.06 billion and is part of the
basic materials sector and
energy industry. Shares are up 10.2% year to date as of Tuesday's close. The stock's dividend yield sits at 3.1%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 8.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a
buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.